A live audio webcast of the call will be available on PulteGroup’s website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor tab.

For call participants, the dial-in number is (833) 461-5787 (conference ID 150962034). The call will be recorded and available for audio replay within 24 hours. An archive of the conference call will be available on the PulteGroup website.

Army veteran Spc. Branden Cason planned to make the military his career. When that path unexpectedly ended, he found himself facing a new question: where to go next and what to call home.

Now, the Cason family is one step closer to having that home. 

PulteGroup’s Dallas Division recently surprised Branden and his family with the news that they will receive a mortgage-free home through Built to Honor in partnership with Operation Homefront. The home will be built in Pulte Homes’ Anna Town Square community in Anna, Texas.

“To go through it all and know that there are people that still take the time to put something like this together is pretty amazing,” Branden shared after receiving the news.

In the months ahead, the Dallas team will help bring the Cason family’s new home to life, giving them a place to put down roots and always call home.

The PEOPLE Companies that Care list is based on over 1.3 million employee survey responses and data from companies representing the experience of more than 7.3 million employees in the U.S. Of those surveys, nearly 970,000 responses came from employees at companies eligible for this year’s list, and these rankings are based on that feedback.

Companies also submit essays that are validated by employee survey data to give a complete picture of the way an organization cares for its employees, its community, and the planet. To be considered for the list, companies must be Great Place To Work Certified™ and have at least 10 U.S. employees.

“Caring for our people means creating an environment where employees feel supported, valued and empowered to make a difference,” said Kevin Henry, Executive Vice President and Chief People Officer at PulteGroup. “That includes investing in their growth, listening to their ideas and giving them opportunities to make an impact. When our people are at their best, they make PulteGroup stronger and extend that impact to our customers and the communities we serve.”

At PulteGroup, that commitment extends beyond the workplace. Employees are encouraged to connect and contribute through Business Resource Groups, volunteer opportunities and community initiatives across the organization. Through PulteGroup’s Built to Honor® program, employees also help build and donate mortgage-free homes to veterans with service-connected disabilities and their families. Together, these efforts reflect a culture of caring that reaches PulteGroup employees, customers and communities across the country.

The Companies that Care list is highly competitive. Survey responses reflect a comprehensive picture of the workplace experience. Honorees were selected based on their ability to care for employees, families, and the communities where they operate.

“Employees are under immense pressure, and the best workplaces are finding ways to support them in the ways they need,” says Michael C. Bush, CEO of Great Place To Work. “When employees feel that sense of care, they do incredible things — delivering the crucial results that grow businesses and build new markets.”

"We're proud to celebrate companies that lead with purpose by supporting their employees, strengthening their communities, and driving positive change. Their commitment to positive impact reflects PEOPLE's longstanding mission to celebrate stories of inspiring people whose actions create lasting impact,” said Charlotte Triggs, PEOPLE Editor in Chief.

"Witnessing the innovative spirit with which these companies invest in their employees, communities, and the world is truly invigorating," said Charlotte Triggs, PEOPLE GM and editor-in-chief. "Their commitment reflects our mission, to feature what happens when ordinary people do extraordinary work."

In 2026, PulteGroup was also ranked as one of the Fortune 100 Best Companies to Work For® and earned its eighth Great Place to Work Certification™. In 2025, it was honored on the Fortune Best Workplaces in Construction™, Fortune Best Workplaces for Millennials™ and Fortune Best Workplaces for Women™ lists.

To learn more about career opportunities at PulteGroup, visit https://pultegroup.wd1.myworkdayjobs.com/PGI.

"A leadership team doesn’t win awards like this. They're earned by thousands of people who choose every day to support one another, serve our customers, and uphold our values," said Ryan Marshall, President and CEO of PulteGroup. "That's what has defined PulteGroup for generations, and it's what gives me confidence in where we're headed."

The survey results reinforce the strength of PulteGroup's culture across every stage of the employee experience. 97% of employees said they felt welcome when they joined the company, while 95% said management is honest and ethical in its business practices. An equal 95% said they are proud to tell others they work at PulteGroup and that they are given a great deal of responsibility in their roles.

Those results reflect a culture supported by career development opportunities, Business Resource Groups, community initiatives like Built to Honor^®, and a joint commitment to helping teammates succeed.

"One of the things I'm most proud of is that our culture is consistent, whether you've been here two weeks or twenty years," said Kevin Henry, Chief People Officer. "We want every employee to feel welcomed, trusted, challenged and supported. Seeing those experiences reflected so strongly in this year's survey tells us we're continuing to create an environment where people can thrive."

Great Place To Work^® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.

"Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. “By successfully earning this recognition, it is evident that PulteGroup stands out as one of the top companies to work for, providing a great workplace environment for its employees."

For information about career opportunities at PulteGroup, visit https://pultegroup.wd1.myworkdayjobs.com/PGI.

Launch of new Florida Panhandle Division supports company’s continued growth amid strong demand statewide

PulteGroup, one of the nation's largest homebuilders, is expanding its operations into Northwest Florida and launching a new Florida Panhandle Division to support those efforts, the company announced today. The expansion positions the company for growth as it continues to see strong demand for new homes across Florida.

PulteGroup is naming Taylor Larza as Vice President and Market Manager for the new division.

"Florida continues to be one of PulteGroup’s strongest markets, and our expansion into Northwest Florida and launch of the Florida Panhandle Division reflects the significant growth potential we see in that region," said Rich McCormick, PulteGroup's Southeast Area President. "I want to congratulate Taylor Larza, who will lead our efforts to establish and grow the new division. Homebuyers across the panhandle will now have the chance to experience the outstanding quality, innovative designs, and vibrant lifestyle that our brands are known for."

Larza has been with PulteGroup since 2016, serving in procurement roles in Austin, Texas, and Jacksonville, Florida. He most recently was Vice President of Procurement for the Northeast Florida division.

"The opportunity to build a new division from the ground up is an exciting challenge and a tremendous honor,” Larza said. “I'm eager to help establish a strong foundation for our Panhandle Division while continuing to work closely with our Northeast Florida team, which will continue to support our operational functions as we develop. I'm grateful for the experiences, relationships, and support I've received throughout my career at PulteGroup, and I look forward to this next chapter of growth and opportunity."

Earlier this year, PulteGroup and The St. Joe Company announced a new builder relationship and the execution of a contract for homesites in two new Bay County communities. The agreement includes 1,326 home sites, with options that could bring the total to as many as 2,653. Development of the first phase is anticipated to begin in 2027. The initial communities are expected to feature homes from Pulte Homes, Del Webb and Divosta. Additional plans for future PulteGroup communities in Northwest Florida will be announced as details become available.

For the veterans and families who receive a Built to Honor® home, the greatest impact begins after the ribbon is cut, when homeownership creates stability, opportunity and peace of mind for years to come.

That's exactly how U.S. Navy Petty Officer Robert Orr, who received a Built to Honor home in 2024, describes the experience: "This home has been far more than a place to live. It has been the foundation that has allowed our family to grow, heal and build a future."

Built to Honor provides mortgage-free homes to injured veterans and their families. Last year, the program surpassed its 100th mortgage-free home delivery, marking a major milestone in its 15-year history. In 2026, nine PulteGroup divisions are leading 10 home projects for veterans across seven states, all united by a single purpose: helping veterans build stronger futures for their families.

"The true impact of the Built to Honor program isn't measured on the day we hand over the keys," said Ryan Marshall, PulteGroup's President and CEO. "It's measured in the years that follow, as veteran families build their lives, become ingrained in and strengthen their communities, and create new opportunities for generations after them."

Several of this year's projects are unique and feature distinctive community connections.

PulteGroup's West Florida Division will cut the ribbon on not one, but two mortgage-free homes right next door to one another this fall. Two veterans will become lifelong neighbors, marking the program's second delivery of adjacent homes.

Through projects led by PulteGroup's Coastal Carolinas and Minneapolis divisions, two veterans will soon call Del Webb Savannah and Bellwether by Del Webb home. As PulteGroup's renowned 55+ brand, Del Webb communities offer connection, friendship, and support that can be especially meaningful for veterans.

Another veteran family will receive a mortgage-free home at The Grow, PulteGroup's first agrihood community. Rooted in agriculture, wellness and community, The Grow offers a unique and tranquil setting for the Central Florida Division's veteran recipient.

Built to Honor projects are underway or complete across seven states in 2026, including PulteGroup's Central Florida, West Florida, Michigan, Coastal Carolinas, Northeast Corridor, Indianapolis, Dallas, Minneapolis, and San Antonio divisions.

Since its founding, Built to Honor has helped military families build more than homes. Mortgage-free homeownership creates lasting financial stability while opening doors to new opportunities for veterans and their families. Together with thoughtfully designed communities, the program provides a beautiful home and place of belonging, but also the foundation for everything that comes next.

·         Home Sale Revenues of $3.8 Billion Driven by Closings of 6,997 Homes

·         Home Sale Gross Margin of 25.0%

·         Net New Orders Increased 6% Over Prior Year to 7,536 Homes

·         Order Value Increased 5% to $4.1 Billion

·         Unit Backlog Increased 2% to 10,966 Homes with a Value of $6.8 Billion

·         Company Repurchased $373 Million of Common Shares in the Period

PulteGroup, Inc. (NYSE: PHM) announced today financial results for its second quarter ended June 30, 2026.  For the quarter, the Company reported net income of $472 million, or $2.48 per share.  In the prior year period, the Company reported net income of $608 million, or $3.03 per share.      

 “We continue to capture benefits from our return-focused operating model and business platform that is well diversified across markets and buyer groups,” said Ryan Marshall, President and CEO of PulteGroup.  “ The resulting benefits helped PulteGroup generate earnings of $2.48 per share in the quarter, while realizing a 6% increase in net new orders and generating a sequential increase in gross margin of 60 basis points. ”

“Overall, market conditions remain highly competitive as macroeconomic uncertainty, volatile interest rates and strained affordability weigh on housing demand, but there are early signs that conditions may be stabilizing in select geographies around the country.  Within this operating environment, we continue to execute focused, tactical adjustments as we work to balance price and pace within each community in support of delivering high returns across the enterprise.”     

Second quarter home sale revenues decreased 11% from the prior year to $3.8 billion.  Lower revenues for the period reflect an 8% decrease in closing volumes to 6,997 homes, in combination with a 3% decrease in average sales price to $544,000. 

For its second quarter, PulteGroup reported home sale gross margin of 25.0%, a sequential increase of 60 basis points from the first quarter of 2026, which is down from 27.0% last year.  Second quarter SG&A expense for the Company was $383 million, or 10.1% of home sale revenues.  Prior year SG&A expense was $390 million, or 9.1% of home sale revenues.         

Net new orders for the second quarter increased 6% to 7,536 homes, as higher community count helped to drive an increase in orders across all buyer groups.  The dollar value of net new orders in the period was $4.1 billion, which is an increase of 5% over the prior year quarter.  Community count for the second quarter averaged 1,074, which is an increase of 8% over the second quarter of 2025.

The Company ended the second quarter with a backlog of 10,966 homes, which is an increase of 2% over the second quarter of last year.  Backlog value for the second quarter decreased 1% over last year to $6.8 billion.         

The Company's financial services operations reported second quarter pre-tax income of $37 million, compared with prior year pre-tax income of $43 million.  Mortgage capture rate was 85% for the second quarter in both the current and prior year periods.

The Company ended the quarter with $1.4 billion in cash and a debt-to-capital ratio of 12.3%.

In the second quarter, the Company repurchased 3.1 million of its outstanding common shares for $373 million, or an average price of $119.42 per share.  Through the first six months of 2026, the Company has repurchased 5.5 million shares, or 3% of its common shares, for $681 million.    

A conference call discussing PulteGroup's second quarter 2026 results is scheduled for Wednesday, July 22, 2026, at 8:30 a.m. Eastern Time.  Interested investors can access the live webcast via PulteGroup's corporate website at www.pultegroup.com.

Forward-Looking Statements

This release includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” “should,” “will” and similar expressions identify forward-looking statements, including statements related to any potential impairment charges and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

Such risks, uncertainties and other factors include, among other things: interest rate changes and the availability of mortgage financing; the impact of any changes to our strategy in responding to the cyclical nature of the industry or deteriorations in industry conditions or downward changes in general economic or other business conditions, including any changes regarding our land positions and the levels of our land spend; economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general; supply shortages and the cost of labor and building materials; the availability and cost of land and other raw materials used by us in our homebuilding operations; a decline in the value of the land and home inventories we maintain and resulting possible future writedowns of the carrying value of our real estate assets; competition within the industries in which we operate; rapidly changing technological developments including, but not limited to, the use of artificial intelligence in the homebuilding industry; governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities, slow growth initiatives and/or local building moratoria; the availability and cost of insurance covering risks associated with our businesses, including warranty and other legal or regulatory proceedings or claims; damage from improper acts of persons over whom we do not have control or attempts to impose liabilities or obligations of third parties on us; weather related slowdowns; the impact of climate change and related governmental regulation; adverse capital and credit market conditions, which may affect our access to and cost of capital; the insufficiency of our income tax provisions and tax reserves, including as a result of changing laws or interpretations; the potential that we do not realize our deferred tax assets; our inability to sell mortgages into the secondary market; uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans, and related claims against us; risks associated with the implementation of a new enterprise resource planning system; risks related to information technology failures, data security issues, and the effect of cybersecurity incidents and threats; the impact of negative publicity on sales; failure to retain key personnel; the impairment of our intangible assets; disruptions associated with epidemics, pandemics or other serious public health threats (as well as fear of such events), and the measures taken to address it; and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature. See Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, for a further discussion of these and other risks and uncertainties applicable to our businesses. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations.

This project will transform the site into a resort-inspired lifestyle destination with luxury homes and amenities in a desirable location along the SR-52 corridor — one of the fastest-developing areas in one of the nation's most rapidly growing counties.

Explore by Del Webb Verona will be the latest addition to the new and growing Explore by Del Webb brand, which is designed for homebuyers who are seeking world-class amenities and a vibrant lifestyle as they enter a new chapter of life. Explore builds on the Del Webb brand’s decades of experience, creating lifestyle-focused communities for active adults.

Nationally, Verona is the fourth community announced under the rapidly growing Explore by Del Webb brand and the second in Florida.  Verona follows the successful launch of North River Ranch in Parrish.

“Today’s homebuyers are looking for more than a home — they want amenities and a community that enhance their lifestyle,” said Sean Strickler, President of PulteGroup’s West Florida Division. “Explore by Del Webb Verona will bring that vision to life with stunning home designs, outstanding amenities, wellness-focused programming and a community experience designed for how people want to live today.”

Explore by Del Webb Verona will offer a wide range of amenities designed to enrich everyday living, including fitness and movement studios, massage rooms, infrared saunas, cold plunges, a lazy river, pickleball courts, a bar and grill, gathering spaces and more.

Explore selected the Pasco County site because of the area’s thriving job market and growing reputation as a lifestyle destination. Future residents will enjoy convenient access to I-75 and the Suncoast Expressway, connecting them to downtown Tampa, Tampa International Airport, the Gulf Coast, and countless dining, entertainment, recreation, and exploration opportunities. The next adventure is always within reach.

“Pasco County is one of Florida’s fastest-growing markets and Explore by Del Webb Verona is an opportunity for our team to create something truly distinctive along the SR-52 corridor,” Strickler said. “This new community will combine the convenience of a well-connected location with the amenities, programming, and sense of community today’s active homebuyers are seeking.”

Explore by Del Webb Verona marks the beginning of Verona’s larger master-planned vision, which is expected to include 2,800 homesites, a school, commercial parcels and preserved conservation areas. For more information about Explore by Del Webb, visit DelWebb.com/ExploreVerona.

According to a new national survey conducted by PulteGroup among 1,325 U.S. homeowners who recently purchased their next home, a majority (51%) bought a home the same size or smaller than their previous one. Yet regardless of whether they purchased a larger, similarly sized or smaller home, 78% said their new home met or exceeded expectations. The findings suggest today’s move-up buyers are increasingly prioritizing functionality, design and lifestyle alongside square footage when evaluating their next home.

Life-stage changes are also influencing purchasing decisions. Respondents cited a major life change, such as a growing family or aging parents (25%), as the top reason for purchasing a new home, followed by feeling that the timing was right to move (24%) and needing more space (22%).

While younger buyers were more likely to purchase larger homes, older buyers increasingly opted for homes that better matched their lifestyle needs, underscoring how life stage is shaping today’s definition of a move-up home.

Once the decision was made, many buyers moved quickly, with more than half (56%) saying they considered moving for less than a year before purchasing their next home.

More than half (51%) said the kitchen became the most valuable space after moving, ranking ahead of the living or family room (38%), garage (26%) and flex space (24%). When shopping for their next home, 37% of buyers said a modern or upgraded kitchen was a must-have feature, second only to location (55%).

The finding aligns with trends identified in PulteGroup's most recent Design Trends Forecast, which found homeowners increasingly gravitating toward oversized kitchen islands, integrated dining areas and open gathering spaces that bring people together. Flexible rooms, outdoor living spaces and layouts that support evolving family needs also continue gaining traction among today's buyers.

“For years, moving up was often associated primarily with buying more square footage,” said Angela Nuessle, national vice president of interior design at PulteGroup. "What we’re seeing today is that buyers are becoming more intentional about how they evaluate value in a home. They’re placing greater value on homes that support the way they live, whether that’s putting more emphasis on a well-designed kitchen, an increased desire for flexible spaces that meet the needs of evolving families or outdoor areas that extend everyday living."

These priorities appear to be paying off. Nearly half (47%) of respondents said their overall comfort and enjoyment of life improved after moving, while 26% said their ability to host and entertain improved. At a time when many homeowners are being thoughtful and carefully evaluating their next move, the findings of this latest survey suggest buyers are looking for the right combination of space, design and functionality to support their lifestyles and evolving needs.

PulteGroup conducted the online survey in May 2026 among 1,325 U.S. homeowners who recently purchased their next home.

The new studio was celebrated with a grand opening event attended by company leaders, partners and team members who helped bring the vision to life. Designed to create a welcoming customer experience, the Irvine Design Studio offers homebuyers a space to explore finishes, fixtures, flooring, cabinetry and other design elements that transform a new house into a personalized home.

The expanded studio features high ceilings, natural light and updated displays showcasing the latest selections across lighting, cabinetry, hardware and finishes. Full kitchen and bathroom vignettes help buyers better visualize their future spaces. A redesigned cabinetry display allows buyers to view full door and drawer fronts across styles and finishes, making selections easier to visualize and compare.

“Building a home is personal, and the Design Studio experience helps customers bring their vision to life in a way that feels exciting and manageable,” said Norman Brown, PulteGroup’s Southern California Division President.

“The intent behind every Pulte design studio is to create an environment that inspires creativity while simplifying the decision-making process for homebuyers,’ said Angela Nuessle Vice President of Interior Design at PulteGroup. “By combining curated selections with expert guidance, we’re helping customers design homes that truly reflect their personal style.”

The Irvine location reflects PulteGroup’s continued investment in the customer experience across Southern California, combining modern design inspiration with dedicated one-on-one support from experienced design professionals.

Through guided consultations, customers can explore a wide range of finishes and features while receiving expert recommendations tailored to their style, needs and budget.

“This studio was created to feel both aspirational and approachable,” said Nikki Edmonston, Director of Sales at ILG, a partner in the development of the space. “Every detail was designed to help customers feel comfortable, inspired and confident in the decisions they’re making for their future home.”

The studio also highlights the expertise of PulteGroup’s design team, including longtime Pulte Design Consultant Colleen Burnette, whose four-decade career has helped shape the customer experience across multiple PulteGroup brands.

“Helping customers personalize their homes never gets old,” said Burnette. “This new studio allows us to better guide and inspire buyers while making the process feel exciting rather than overwhelming.”

The opening of the Irvine Design Studio supports customers purchasing homes across nearly all Southern California communities within the Pulte Homes, Del Webb and Explore by Del Webb brands.

The Mayor of Indio and local leadership celebrate the groundbreaking of Del Webb Desert Retreat clubhouse

Community leaders, project partners, and team members gathered to commemorate the occasion, including Norman Brown, PulteGroup’s Southern California Division President, and Elaine Holmes, Mayor of the City of Indio, who joined in the ceremonial shovel turn marking the next phase of development for the highly anticipated 55+ community.

Once complete, the clubhouse will offer residents a wide range of resort-style amenities designed to support active and social living, including a fitness center and aerobics studio, an indoor golf simulator, a ballroom, arts and billiards rooms, a food and beverage bar, and a resort-style pool and Jacuzzi.

“The clubhouse will be so much more than just an amenity center. It represents the heart of the community and the lifestyle our residents are looking for,” said Brown. "It's where neighbors will gather, friendships will form, and residents can enjoy the activities, experiences, and connections that make Del Webb communities so special."

Del Webb Desert Retreat marks Del Webb’s return to Indio and the Greater Palm Springs region, where the builder has delivered more than 10,000 homes throughout the Coachella Valley over its long history in the market.

Construction of the clubhouse is being supported by RCS Construction Management and Capital Building Services.

The gated community will feature homes ranging from approximately 1,444 to 2,722 square feet with flexible floor plans offering 2–3 bedrooms and 2–2.5 bathrooms. Pricing starts in the mid-$400,000s.

The clubhouse is expected to be completed in the summer of 2027.

The special day began with an escorted procession led by Rolling Thunder, Patriot Guard Riders, Wixom Police, Wixom Fire and other first responders, as employees, trade partners, veterans and supporters lined the streets waving flags and cheering Daniel and his family on.

The Macomb County Honor Guard presented the colors during the national anthem, while veterans from nearby Del Webb Kensington Ridge attended in support of Daniel and his family. Speakers included Wixom Mayor Pat Beagle, former Built to Honor recipient retired U.S. Air Force MSgt. Paulus Obey, Michigan Division President Kevin Christofferson and Building Homes for Heroes representative Tracy White.

The ceremony concluded with the official groundbreaking alongside Daniel and his family, marking the beginning of a new chapter. In one of the day’s most meaningful moments, veterans in attendance presented Daniel with military service challenge coins. The unplanned gesture served as a powerful reminder that Built to Honor is about more than building homes. It is about honoring service, fostering connection and surrounding deserving veterans and their families with a community that cares.

A live audio webcast of the call will be available on PulteGroup’s website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor tab.

For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the conference call will be available on the PulteGroup website.

For Daniel, service has always been about putting others first.

After following in his brother's footsteps, who served in the Army, Daniel joined the Marines in 2010 and later deployed to Afghanistan, where he sustained life-changing injuries. Following his military service, Daniel has focused on rebuilding, raising his four children as a single father, and working toward a more stable future for his family.

What Daniel believed was a final interview with The Michigan Division and Building Homes for Heroes quickly turned into something much bigger.

During an emotional gathering with his children by his side, Daniel shared what stable housing would mean for their family after years of temporary living situations and crowded spaces. Speaking through tears, he explained that despite every challenge, his children “don’t complain” and are simply grateful to be together.

Then came the surprise.

Presented with what seemed like a simple gift, Daniel slowly realized the truth. PulteGroup’s Michigan Division would build and donate a new Pulte home for him and his children.

“I didn’t think this type of thing existed,” Daniel said moments after learning the news. “It’s finally going to be nice to come home with them and not have to worry where we’re going to sleep next year.”

The moment was filled with disbelief, gratitude, and overwhelming emotion. Not just for Daniel and his children, but for everyone in the room privileged enough to witness it.

Watch the full video here to experience the unforgettable moment Daniel learned his family would soon have a place to call home.

This home and the moment surrounding it were made possible by the dedication and care of PulteGroup’s Northeast Corridor Division, whose team, along with many trade partners, brought the vision to life and showed up in full force to support the family. Through our Built to Honor program and in partnership with Operation Homefront, this isn’t just a home being handed over. It’s a shift. A release. A chance to move forward without the same weight.

For Sandro, a Marine Corps veteran and Purple Heart recipient, that weight has been real. And while no home can change the past, this one creates space for healing, for presence, for simply being a dad.

The impact this home will have is evident in the way he talks about everyday things. Lying on the floor with his kids. Watching them play. Being able to slow down and just be together.

For Destiny, it’s about stability in a way that changes everything. A safe place for their children to grow up. A neighborhood where they can walk outside, go to school nearby, and build friendships that last. The kind of environment that shapes childhood.

And for their children, it’s simpler. It’s space to run. A yard to play in. A home where they can just be kids without limits.

That’s the part that’s hard to fully capture in a ceremony. The long-term impact. The generational shift. What it means when a family no longer has to carry the same uncertainty, and instead can start building something steady.

As the keys were handed over and the family stepped inside, the moment spoke for itself.
A new home, a fresh start, and a future with more room to grow.

•         Net New Orders Increased 3% to 8,034 Homes with a Value of $4.6 Billion

•         Closed 6,102 Homes Generating Home Sale Revenues of $3.3 Billion

•         Home Sale Gross Margin of 24.4%

•         Unit Backlog of 10,427 Homes with a Value of $6.5 Billion

•         Repurchased $308 Million of Common Shares

•         Board Approves $1.5 Billion Increase in Share Repurchase Authorization

PulteGroup, Inc. (NYSE: PHM) announced today financial results for its first quarter ended March 31, 2026. For the quarter, the Company reported net income of $347 million, or $1.79 per share.  In the comparable prior year period, the Company reported net income of $523 million, or $2.57 per share. 

“Our first quarter results reflect PulteGroup’s ability to successfully navigate current market conditions as we work to meet buyer demand, turn our assets and drive high returns,” said PulteGroup President and CEO Ryan Marshall.  “Along with increased net new orders, we generated strong closings, revenues and earnings, while investing $1.3 billion into land acquisition and development and returning $360 million back to shareholders. 

“Within a demand environment impacted by domestic and global dynamics, we see a consumer with concerns about affordability and the economy, but still desirous of homeownership as demonstrated by the 3% growth in our first quarter net new orders,” added Marshall.  “Given these dynamics, we continue to intelligently manage sales, incentives and production to best position the Company for near- and long-term success.”

First Quarter Financial Results                        

Home sale revenues for the first quarter totaled $3.3 billion, which is a decrease of 12% from the prior year. Revenues in the quarter reflect a 7% decrease in closing volumes to 6,102 homes, along with a 5% decrease in average sales price to $542,000.      

First quarter home sale gross margin was 24.4%, compared with prior year gross margin of 27.5%.  First quarter gross margins reflect the impact of higher incentives as the Company responded to competitive market dynamics and successfully worked to reduce excess spec inventory.    

First quarter SG&A expense was $380 million, or 11.5% of home sale revenues.  Prior year reported SG&A expense was $393 million, or 10.5% of home sale revenues.    

The Company’s net new orders for the first quarter increased 3% to 8,034 homes with a value of $4.6 billion.  Prior year net new orders totaled 7,765 homes with a value of $4.5 billion.  In the first quarter, the Company operated from an average of 1,043 communities, which is an increase of 9% over the prior year.       

The Company’s quarter-end backlog was 10,427 homes with a value of $6.5 billion.  

In the first quarter, the Company’s financial services operations reported pre-tax income of $13 million, compared with prior year pre-tax income of $36 million.  Capture rate for the quarter was 85%, compared with 86% in the comparable prior year period.   

In the first quarter, the Company repurchased 2.4 million of its common shares outstanding for $308 million, or an average price of $127.39 per share.  The Company ended the quarter with a debt-to-capital ratio of 12.3%, and a cash balance of $1.8 billion. 

In a separate release, PulteGroup announced that its Board of Directors approved a $1.5 billion increase to the Company’s share repurchase authorization, bringing its remaining share repurchase authorization to $2.1 billion.

A conference call to discuss PulteGroup's first quarter results and financial and operational outlook is scheduled for Thursday April 23, 2026, at 8:30 a.m. Eastern Time.  Interested investors can access the live webcast via PulteGroup's corporate website at www.pultegroup.com.

Forward-Looking Statements

This release includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” “should,” “will” and similar expressions identify forward-looking statements, including statements related to any potential impairment charges and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

Such risks, uncertainties and other factors include, among other things: interest rate changes and the availability of mortgage financing; the impact of any changes to our strategy in responding to the cyclical nature of the industry or deteriorations in industry conditions or downward changes in general economic or other business conditions, including any changes regarding our land positions and the levels of our land spend; economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general; supply shortages and the cost of labor and building materials; the availability and cost of land and other raw materials used by us in our homebuilding operations; a decline in the value of the land and home inventories we maintain and resulting possible future writedowns of the carrying value of our real estate assets; competition within the industries in which we operate; rapidly changing technological developments including, but not limited to, the use of artificial intelligence in the homebuilding industry; governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities, slow growth initiatives and/or local building moratoria; the availability and cost of insurance covering risks associated with our businesses, including warranty and other legal or regulatory proceedings or claims; damage from improper acts of persons over whom we do not have control or attempts to impose liabilities or obligations of third parties on us; weather related slowdowns; the impact of climate change and related governmental regulation; adverse capital and credit market conditions, which may affect our access to and cost of capital; the insufficiency of our income tax provisions and tax reserves, including as a result of changing laws or interpretations; the potential that we do not realize our deferred tax assets; our inability to sell mortgages into the secondary market; uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans, and related claims against us; risks associated with the implementation of a new enterprise resource planning system; risks related to information technology failures, data security issues, and the effect of cybersecurity incidents and threats; the impact of negative publicity on sales; failure to retain key personnel; the impairment of our intangible assets; disruptions associated with epidemics, pandemics or other serious public health threats (as well as fear of such events), and the measures taken to address it; and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature. See Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, for a further discussion of these and other risks and uncertainties applicable to our businesses. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations.

“PulteGroup continues to allocate capital in alignment with its stated priorities of investing in the business, paying dividends and returning excess funds to shareholders,” said Ryan Marshall, PulteGroup President and CEO.  “Over the past 10 years, we have invested $38 billion into our business while returning $9 billion to shareholders through dividends and share repurchases.”

Instead of a traditional groundbreaking, our Central Florida division recently celebrated the First Planting at The Grow, the company’s first-ever agrihood community. With seeds in the ground and a vision taking root, this moment marked the true beginning of something special.

The Grow represents a new kind of community. One where homes, nature, and agriculture are thoughtfully woven together. While we’re proud of the quality homes we build, another distinction of ours as homebuilders is our focus and ability to create true communities. Places where connection, wellness, and everyday life can flourish. The Grow is a prime example of just that.

Located in East Orlando, this master-planned community will feature a 9-acre working farm, surrounded by homes, gathering spaces, and more than 200 acres of preserved wetlands and conservation land.

As shared during the event, this first planting isn’t just symbolic. It’s foundational. The working farm will bring year-round vegetable production, herbs, flowers, farm stands, and farmers' markets directly into residents’ daily lives, creating access to fresh, local food and a deeper connection to the land and each other.

This milestone has been years in the making. From concept to collaboration, the Central Florida team has poured passion, creativity, and commitment into bringing The Grow to life. Their dedication and efforts are clear, as witnessed by the excitement already building around what’s to come.

The Grow redefines community living. Every aspect is designed to foster connection, wellness, and a strong sense of place, giving residents an experience unique to Central Florida.

And perhaps most meaningfully, The Grow will soon welcome a Built to Honor® home recipient, making this community not only unique but deeply impactful.

Follow along with The Grow on its socials for more milestones as this community continues to take root.

https://www.instagram.com/lifeatthegrow/

https://www.youtube.com/channel/UCiy_CV_HnM_LTcWgWbcC0RQ

https://www.facebook.com/lifeatthegrow/

The intense competition, hosted at Sun City Peachtree's world-class facility in Griffin, Ga., was a round-robin tournament that brought together 72 players, 24 from each community, competing in men's doubles, women's doubles, and mixed doubles divisions. The event blended competition with community, drawing residents from across the state together.

"This has all the makings of a new annual tradition," said Delaine Newberry, Lifestyle Director at Sun City Peachtree, who helped organize the event. "What I've learned from this is that the club spirit is strong across all three communities. After this is over, I see all of us getting together and talking about how to make it even bigger next year. And we want to connect with other Del Webb communities across the country to help them host their own tournaments."

For many of the players, the tournament was about more than competition. It was a reflection of the social, connection-driven lifestyle that Del Webb communities are known for nationwide. That sense of belonging resonated strongly with Cheryl Brown, a Sun City Peachtree resident of two and a half years who moved to Georgia without knowing a single person in the state. Pickleball changed that.

“The friends I've made here in the past few years feel like the same friends I've had for 40 years,” Brown said. “Coming here takes away the stigma that as you get older, you'll be lonely, inactive and bored. Absolutely not.”

The idea for the tournament began with Jason Garrett, Georgia Division VP of Land Planning and Development for PulteGroup, the parent company of Del Webb.

“This was a chance to bring communities together in a way that felt organic, energetic, and fun to showcase the pride and lifestyle our Del Webb residents experience on a daily basis,” Garrett said. “Pickleball checked all the boxes.”

After Garrett shared the concept with Newberry and the Sun City Peachtree pickleball club, interest was immediate. Members took over registration, handled scoring logistics and spread the word across communities. "The club really owned the event," Newberry said. "That's what our clubs do."

The tournament’s success is already inspiring what may come next. Word of the inter-community pickleball event reached Sun City Peachtree's tennis club, which has since reached out to the Lake Oconee tennis club to organize their own cross-community matchup.

That community-driven spirit is by design. Del Webb communities across the country are built around the idea that connection doesn't slow down at 55, it accelerates. With over 60 clubs and interest groups at Sun City Peachtree alone, residents routinely describe the same happy problem: too many things to do, not enough hours in the day.

"The problem we hear most often is that residents' calendars fill up so quickly that they actually have to start saying no," Newberry said. "People come here and truly find their people. That sense of belonging is what keeps them engaged, active and thriving."

With the inaugural trophy now claimed, organizers hope the Georgia Del Webb Pickleball Championship marks the beginning of a broader tradition, one built on friendly rivalry, shared connection, and the kind of active lifestyle that brings communities together, on and off the court.

Del Webb, the nation’s leading builder of active-adult communities, recently surveyed more than 1,300 people aged 55+ who live in its communities across 14 states. The report shows that 91% of those surveyed feel socially connected at this stage of their life, with 71% confirming that where they live makes it easier for them to form meaningful connections. In fact, more than half (51%) report being more socially engaged with others since moving to their current community.

This is a stark contrast against recent research from the University of Michigan that found more than one third of people aged 50 to 80 feel lonely, and nearly as many feel isolated. While there may be no “cure” for loneliness, these results suggest that solutions can be curated through deliberate and frequent occasions to be social and active with others.

"We design Del Webb communities to be so much more than just a place to live – it is a lifestyle built around connection,” said Manish Shrivastava, chief marketing officer at PulteGroup, parent company of Del Webb. “As this new survey shows and what we are hearing from our residents, social engagement can flourish in community environments that are intentionally designed to foster belonging among active adults. It is about growing social bonds between neighbors and friends as they redefine what the next chapter of their lives means to them.”

Finding (more of) Your People

Social connections are more than just a quick neighborly wave; it is about cultivating meaningful friendships and fulfilling engagement that directly impact a person’s overall wellbeing. In fact, 80% of those surveyed agree that how they stay connected with others is important to their overall health and wellbeing.

While kids and work used to provide built-in opportunities for connection, those opportunities are not as readily available as adults age. With 94% of survey respondents saying it is easy to strike up conversations with neighbors in their community, their experiences may be instructive to others. For example, top preferred moments for connection include organized group social activities (41%), sharing meals (41%) as well as coffee and happy hours (37%), or simply finding time to chat with friends (41%).

“It's great for your mind to keep active as we go forward. We're all aging so gracefully because we are so active,” said Kathy DiPretoro, resident at Del Webb Lake Oconee in Greensboro, Georgia. “There are so many activities that present themselves to us at Del Webb. From crafts, music, anything that you are interested in, there is a club or activity you can be involved in."

Making Connections, One Step at a Time

Adults aged 55+ aren’t just putting themselves out there socially; they are staying physically active as well with 66% of those surveyed saying they are as active or more active than when they were younger. While many still enjoy the pool, gym, bocce ball, golf and more, the top choices for staying active include:

• Group exercise classes (28%)
• Playing pickleball (27%)
• Outdoor activities like hiking, canoeing and kayaking (21%)

“Social connection is really the reason people want to be here,” said Delaine Newberry, lifestyle director at Del Webb Sun City Peachtree in Griffin, Georgia. “The homes are beautiful, but at the end of the day, it’s about who your neighbors are and how you spend your time. The problem we hear most often is that residents’ calendars fill up so quickly with clubs, events and activities that they actually have to start saying no. With more than 60 clubs and interest groups, people come here and truly find their people. And that sense of belonging is what keeps them engaged, active and thriving.”

PulteGroup’s market research division conducted the online survey of 1,301 Del Webb residents from February 24-26, 2026.

Learn more at Del Webb’s website: delwebb.com.

“We are excited to introduce our brand-new two-story townhomes to Michigan, especially in Brighton, where residents will be within walking distance of the charming downtown area,” said Kevin Christofferson, President of PulteGroup’s Michigan Division.

West Village of Brighton will include the rear-loaded Haven (1,907 sq. ft.) and Enclave (1907 sq. ft.) floor plans, each with three bedrooms, two and a half baths, and an oversized rear-load two-car attached garage. These new floor plans feature sleek modern craftsman exteriors and are equipped with smart home technology.

Residents will enjoy exceptional walkability to the local shops and restaurants on Main Street. Downtown Brighton is known for its charming, lively heart that hosts several events and festivals throughout the year. Mill Pond Park, with its small amphitheater and playground, serves as the hub of summer activities. For winter sports enthusiasts, Mount Brighton, a five-lift ski hill, is just a four-minute drive away. The community also benefits from highly rated Brighton schools and easy access to both I-96 and US-23.

West Village of Brighton will consist of 107 units upon completion, with prices starting in the low $400s. For more information, please visit https://www.pulte.com/homes/michigan/detroit/brighton/west-village-of-brighton-211545  or call (810) 206-0900.

“Our vision is to be considered the most respected homebuilder in America,” said Ryan Marshall, PulteGroup President and Chief Executive Officer. “We can only achieve this vision if we continue to nurture a culture where our people are valued and respected both for who they are and for the contributions they make to our shared success. Our ongoing recognition in the Fortune 100 Best Companies to Work For list reflects the direct feedback of our colleagues across the country, who I consider to be the very best in the industry. I am proud of their contributions to our company, the communities we serve, and each other.”

The Fortune 100 Best Companies to Work For is selected by Great Place To Work®, the world's leading authority on workplace culture, and is based on confidential employee feedback from millions of U.S. employees.

More than 5,600 PulteGroup employees participated in the survey, resulting in:

• 93% of respondents agreeing that PulteGroup is a great place to work.
• 96% of employees saying they were made to feel welcome when they joined the company.
• 94% of employees feeling good about the ways PulteGroup contributes to the community.
• 92% of employees thinking PulteGroup executives fully embody the best characteristics of the company.
• 94% of employees saying they are proud to tell others they work at PulteGroup.

Along with the employee survey results, PulteGroup provided a comprehensive submission detailing the company’s robust training and benefits, work environment, and policies that recognize, reward, and develop the company's 6,600 employees. These include competitive benefits packages and leadership development opportunities that invest in employees at every level. PulteGroup's Built to Honor program, which builds and donates mortgage-free homes to wounded veterans, further reflects the company's values, with employees eagerly volunteering their time and resources across more than 100 homes completed since the program's inception.

The Fortune 100 Best Companies to Work For list is more than an award. It’s data-backed proof of the health and vitality of an organization. Companies that make the list have consistently outperformed the stock market over 28 years of cumulative returns.

Eligible companies must be Great Place to Work Certified™ and have 1,000 or more U.S. employees. Winners are assessed on their ability to create a great employee experience that cuts across job level, business unit, demographic group, or geographic location. 

“Trust in the organization is a leading indicator of business performance,” says Michael C. Bush, CEO of Great Place To Work. “When employees trust their leaders, they are more willing to give extra effort, embrace innovation like new AI tools, and deliver a better experience to customers.”

The result is the Great Place To Work Effect, where companies can see how leadership behaviors drive measurable changes in their financial performance. 

“The companies on this list know that trust is a competitive edge — one that can’t be stolen or mimicked by competitors or replaced by machines,” Bush says. “In the face of market uncertainty, the data proves that high-trust workplaces see faster growth and higher returns.”

"Fortune is proud to collaborate with Great Place To Work for the 29th year to recognize the 100 Best Companies to Work For. Amid a fast-evolving workplace landscape, employees said these organizations continue to set the standard for cultures built on trust, innovation, and care for their people. Congratulations to all who earned a place on this year’s list,” says Alyson Shontell, Fortune editor in chief and chief content officer. 

Outside of the Fortune 100 Best Companies to Work For list, PulteGroup has been consistently recognized across additional Fortune and Great Place to Work distinctions, including Best Workplaces for Women, Best Workplaces in Construction, and Best Workplaces for Millennials, as well as earning Great Place to Work Certification and recognition as one of PEOPLE's Companies that Care.

For information about career opportunities at PulteGroup, visit https://pultegroup.wd1.myworkdayjobs.com/PGI

PulteGroup (NYSE: PHM), the nation’s third-largest homebuilder, today announced the nomination of Benjamin (“Ben”) Schall for election as a new independent director to its Board of Directors (“Board”). Mr. Schall is Chief Executive Officer and President of AvalonBay Communities Inc. (NYSE: AVB), a leading multifamily real estate investment trust (REIT). Mr. Schall’s appointment would be effective immediately if elected by PulteGroup shareholders at its annual meeting scheduled for April 29, 2026.

“Mr. Schall brings more than two decades of senior executive experience leading large, diversified real estate platforms and overseeing nationwide operating portfolios,” said Thomas J. Folliard, Chairman of the Board of PulteGroup. “His expertise in capital allocation, operational oversight, corporate strategy, and stakeholder engagement, built through leadership roles across multiple publicly traded real estate companies, will bring tremendous value to the company and the Board.”

Prior to AvalonBay, he served as Chief Executive Officer, President, and Trustee of Seritage Growth Properties, where he led a national mixed-use and retail redevelopment platform. Earlier, he served as Chief Operating Officer of Rouse Properties, overseeing a large portfolio of regional malls across 21 states, and as Senior Vice President at Vornado Realty Trust, contributing to the management and development of office and retail assets in major U.S. markets.

A graduate of Swarthmore College with an MBA from Harvard Business School, Mr. Schall also serves as an industry leader in national real estate organizations, including Nareit, NMHC, and The Real Estate Roundtable, and is Co-Chair of the Board of University Settlement in New York.

PulteGroup’s Built to Honor® program provides mortgage-free homes to veterans living with disabilities as a result of their military service.

“It was an emotional, powerful moment for all of us,” said Clint Ball, PulteGroup Central Florida Division President. “Alejandro has sacrificed so much in service to our country, and it’s our honor to give something meaningful back to him and his family. This home will be a place where they can build their future with security, hope and community.”

With the backdrop of the Orlando Magic’s electric atmosphere, more than 40 PulteGroup Central Florida employees, friends, and supporters gathered in a suite overlooking the court, waiting in quiet anticipation for Candelaria and his family to arrive. As soon as Candelaria realized this wasn’t an interview at all, the room shifted. Soft cheers, smiles, and heartfelt emotion filled the space as the family learned they had already been chosen as the next Built to Honor recipients.

The Candelaria family will soon put down roots in The Grow, Pulte’s one-of-a-kind agrihood community in Orlando. The Grow is an inviting neighborhood designed around gardens, preserved green space, vintage farmhouse-inspired architecture, and a lifestyle centered on connection and nature.

“Alejandro and his family are truly extraordinary, and it was an honor for all of us to be part of this moment,” said Blake Lapinsky, VP of Sales for the PulteGroup Central Florida Division. “They will be joining an incredible community at The Grow, a place filled with warmth, character and opportunity, and we couldn’t be more excited to welcome them home.”

The surprise took place moments before tipoff. Setting the tone for a memorable night. And while the Orlando Magic clinched a win, the biggest victory belonged to the Candelaria and Pulte families.

Interested investors can access the webcast of PulteGroup’s presentation by logging onto the Company’s website at pultegroup.com and selecting the Events & Presentations link under the Investor Relations tab.  Participants are encouraged to log on at least five minutes prior to the start of the presentation.

A live audio webcast of the call will be available on PulteGroup’s website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor tab.

For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the conference call will be available on the PulteGroup website.

“The introduction of Del Webb to Columbus represents an exciting new chapter for active-adult living in Central Ohio,” said Jim Marcero, Division President of PulteGroup’s Columbus Division. “For too long, Midwest homebuyers had to relocate to warmer climates to experience true resort-style living. These communities will deliver the same world-class amenities and vibrant lifestyle Del Webb homeowners enjoy nationwide, right here in the heart of the Midwest, where buyers can stay close to family, friends, and the communities they love.”

Both communities will offer single-story floorplans ranging from 1500-3500 sf., with the signature Del Webb resort-style experience, but with distinct approaches:

• Del Webb Maygrass: Traditional active-adult living exclusively for those 55 and above. Maygrass will feature 711 homes on 353+ acres in Plain City, anchored by a spectacular 16,000+ square-foot clubhouse and extensive amenities.
• Del Webb Explore at Northstar: An innovative concept designed for homebuyers seeking an active lifestyle community without age restriction. Northstar will offer 570 homes on 256 acres in Sunbury, with stunning views of the private NorthStar Golf Club. Its 14,500-square-foot clubhouse will showcase world-class amenities.

Both communities will offer modern clubhouses, resort-style pools, state-of-the-art fitness centers, movement studios, golf simulation rooms, pickleball and bocce courts, community gardens, miles of walking trails, scenic outdoor spaces surrounded by preserved natural areas, and more. Complementing these amenities, each community will feature a dedicated Lifestyle Coordinator who curates events, clubs and activities that inspire engagement and bring residents together. Designed for adults seeking an active, connected lifestyle, these coordinators help cultivate meaningful experiences and a vibrant sense of community.

The groundbreaking ceremonies, held in late 2025, brought together local officials, business leaders, and community partners to celebrate these developments, both of which are scheduled to open in Spring 2026.

Photos of the groundbreaking ceremonies and renderings of the site plans and amenity centers are available upon request.

For more information on Del Webb Explore at Northstar, visit: https://www.delwebb.com/homes/ohio/columbus/sunbury/del-webb-explore-at-northstar-211546.

For more information on Del Webb Maygrass, visit: https://www.delwebb.com/homes/ohio/columbus/plain-city/del-webb-maygrass-211562.

Located within one of the country’s most moved-to ZIP codes, Del Webb Bridgeland will feature 672 homes on 50- and 65-foot-wide home sites. The gated community will provide residents exclusive access to a Del Webb amenity center, in addition to full access to Bridgeland’s extensive network of parks, trails, and recreational facilities.

"Del Webb Bridgeland represents an exceptional opportunity for active adults seeking a vibrant, amenity-rich lifestyle in one of the Houston area's premier master planned communities," said Bryan Hahn, PulteGroup’s Houston Division VP of Land Acquisition. "By combining Del Webb's signature lifestyle programming with Bridgeland's nationally recognized quality of life, we're creating something truly special."

Access to Bridgeland's Award-Winning Amenities

As part of the broader Bridgeland community, Del Webb residents will have full access to more than 3,000 acres of lakes, parks, and green space, along with more than 250 miles of scenic, connected trails. Bridgeland Central®, the community’s growing commercial district, offers convenient access to retail, dining, and medical services—including H-E-B, Memorial Hermann-GoHealth Urgent Care, and numerous restaurants including local favorite Jonathan’s the rub.

"We’re excited to expand our range of home options with the addition of Del Webb Bridgeland,” said Steve Sams, Senior Vice President, Master Planned Communities for Howard Hughes Communities. “Bringing a nationally recognized active adult community to Bridgeland provides more choices for residents at every stage of life and reinforces our commitment to creating a cohesive community for all residents.”

Exclusive Del Webb Amenity Center

Del Webb Bridgeland residents will enjoy signature Del Webb lifestyle programming designed to maximize community engagement, along with:

• Indoor and outdoor pools
• Fitness center and movement studio
• Golf simulator
• Pickleball plaza and bocce courts
• Outdoor living areas and terraces with fireplaces
• Activity lawn and walking trails

Visit the Del Webb Bridgeland site for more information, (832) 772-2200.

PulteGroup, Inc. (NYSE: PHM), the nation’s third-largest homebuilder, has renewed its investment in scholarships of $3,000-$5,000 for individuals pursuing career paths related to residential homebuilding. This renewal reinforces the company’s ongoing commitment to developing talent, particularly the skilled workforce of tomorrow.

The scholarship program, titled the PulteGroup “Build Your Future” SkillPointe Scholarship, is designed to empower the next generation of builders to obtain the skillsets essential for building incredible places where people can live their dreams.

“At PulteGroup, our success starts with investing in great people and that includes the next generation of industry professionals,” said Kevin Henry, Executive Vice President and Chief People Officer at PulteGroup. “Through the Build Your Future Scholarship, aspiring homebuilders will gain the education and training to build high-demand capabilities that they need to thrive. This program not only supports students pursuing meaningful careers but also strengthens the future of our industry by expanding access to the skills that keep our communities growing.”

The Atlanta-based SkillPointe Foundation will oversee the scholarship program, drawing on its proven experience managing scholarships for major organizations like 3M, Ford Philanthropy, The Home Depot Foundation, and others.

“PulteGroup and SkillPointe Foundation share a commitment to bridging the skills gap and building tomorrow’s workforce,” said Alvin Townley, founding executive director of the SkillPointe Foundation. “We are honored to help support the workforce that will build the new housing needed across America.”

Applications and Eligibility

As of February 2, 2026, The PulteGroup Build Your Future SkillPointe Scholarship is open to individuals of all backgrounds seeking or enrolled in education/training for career paths related to homebuilding that don’t require a four-year degree.

States of focus for the scholarship program include Florida, Georgia, North Carolina, South Carolina, and Texas.

Application deadline is May 8, 2026.

For information on how to apply, please visit SkillPointeFoundation.org.

Building on the success of the age‑restricted community The Atrium at MetroWest, MetroWest Square will feature four condo buildings totaling 236 homes. The new, non‑age‑restricted community will offer a variety of floor plans, including 31 one‑bedroom, 193 two‑bedroom, and 12 three‑bedroom options. Each single‑level home includes an open‑concept layout, spacious kitchens and gathering areas, and many will offer private dens and balconies — all accessible by elevator.

“MetroWest Square is designed for today’s homebuyer seeking unmatched convenience without sacrificing luxury or space,” said Jarod Blaney, Mid‑Atlantic Division President of Pulte Group. “These low‑maintenance condo flats are just steps from the Fairfax/Vienna Metro station, creating an effortless commute and a connected, walkable lifestyle.”

Located at the corner of Sprague Avenue and Bleeker Street, MetroWest Square will offer a resort‑style living experience with amenities for all ages. Outdoor features include a stunning pool and pool house, plus a courtyard with grills, fireplaces, a tot lot, table tennis, cornhole, an amphitheater, turf areas, bar tables, and picnic seating. Indoors, residents will enjoy a clubroom with a bar, TV, fireplace, lounge seating, billiards, and shuffleboard, along with a fitness room and dedicated yoga space.

Prices start in the mid‑$600s. Interest in MetroWest Square is expected to be high. Prospective homebuyers are encouraged to join the interest list at Pulte.com/MetroWest to receive important community updates.

•         Net New Orders Increased 4% to 6,428 Homes with a Value of $3.5 Billion

•         Closings of 7,821 Homes Generated Home Sale Revenues of $4.5 Billion

•         Home Sale Gross Margin of 24.7% Includes $35 Million, or 80 Basis Points, of Land Impairment Charges

•         Invested $1.4 Billion in Land Acquisition and Development and Repurchased $300 Million of Common Shares in the Quarter

PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter ended December 31, 2025.  For the quarter, the Company reported net income of $502 million, or $2.56 per share.  Reported net income for the period includes: a pre-tax charge of $81 million, or $0.31 per share, associated with the intended divestiture of certain manufacturing assets; pre-tax land impairment charges totaling $35 million, or $0.14 per share; and a pre-tax insurance benefit of $34 million, or $0.13 per share.  In the prior year period, the Company reported net income of $913 million, or $4.43 per share, inclusive of a pre-tax insurance benefit of $255 million, or $0.93 per share.  

“PulteGroup’s fourth quarter and full year financial results reflect our balanced and disciplined approach to the business as we continue to successfully navigate today’s continuously shifting market dynamics,” said PulteGroup President and CEO, Ryan Marshall.  “Inclusive of our strong fourth quarter results, in 2025 PulteGroup delivered 29,572 homes, $16.7 billion in home sale revenues and net income of $2.2 billion.  We finished the year with $2.0 billion in cash, after investing $5.2 billion in land acquisition and development in 2025.

“While lower interest rates and more favorable pricing dynamics have worked to improve the overall affordability of new homes relative to a year ago, lagging consumer confidence continued to weigh on homebuyer demand in the quarter.  Given these market dynamics, we remain focused on intelligently turning our assets, generating strong cash flows, and further developing a land pipeline that can routinely support community count growth of 3% to 5% annually.”

Fourth Quarter Results

Fourth quarter home sale revenues of $4.5 billion were 5% lower than the comparable prior year period.  Home sale revenues for the quarter reflect a 3% decrease in closings to 7,821 homes, in combination with a 1% decrease in average sales price to $573,000.       

The Company’s reported fourth quarter home sale gross margin of 24.7% includes $35 million, or 80 basis points, of land impairment charges recorded in the period.  Prior year fourth quarter gross margin was 27.5%. 

Reported fourth quarter homebuilding SG&A expense of $389 million, or 8.7% of home sale revenues, includes the insurance benefit of $34 million recorded in the period.  Homebuilding SG&A expense in the fourth quarter of 2024 was $196 million, or 4.2% of home sale revenues, inclusive of an insurance benefit of $255 million.

In the quarter, the Company reported Other Expense of $99 million which includes the pre-tax charge of $81 million resulting from the intended divestiture of certain manufacturing assets.     

Net new orders for the fourth quarter were 6,428 homes, which is an increase of 4% over the fourth quarter of 2024.  The value of net new orders in the period was $3.5 billion, which is comparable with the prior year.  Average community count for the fourth quarter was 1,014, which is an increase of 6% over the prior year.     

At the end of the fourth quarter, the Company’s backlog totaled 8,495 homes with a value of $5.3 billion.

The Company's financial services operations generated fourth quarter pre-tax income of $35 million, which is down from $51 million in the comparable prior year period.  Reported pre-tax income for the quarter was impacted by lower closing volumes and average selling prices in the Company’s homebuilding operations, as well as a decrease in mortgage capture rate to 84%, compared with 86% in the prior year. 

In the fourth quarter, PulteGroup repurchased 2.4 million common shares for $300 million.  For the full year, the Company repurchased a total of 10.6 million common shares, or 5.2% of shares outstanding, for $1.2 billion, or $112.76 per share. The Company ended the quarter with $2.0 billion of cash and a debt-to-capital ratio of 11.2%.

A conference call discussing PulteGroup's fourth quarter 2025 results is scheduled for Thursday, January 29, 2026, at 8:30 a.m. Eastern Time.  Interested investors can access the live webcast via PulteGroup's corporate website at www.pultegroupinc.com.

Forward-Looking Statements

This release includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” “should,” “will” and similar expressions identify forward-looking statements, including statements related to any potential impairment charges and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

Such risks, uncertainties and other factors include, among other things: interest rate changes and the availability of mortgage financing; the impact of any changes to our strategy in responding to the cyclical nature of the industry or deteriorations in industry conditions or downward changes in general economic or other business conditions, including any changes regarding our land positions and the levels of our land spend; economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general; supply shortages and the cost of labor and building materials; the availability and cost of land and other raw materials used by us in our homebuilding operations; a decline in the value of the land and home inventories we maintain and resulting possible future writedowns of the carrying value of our real estate assets; competition within the industries in which we operate; rapidly changing technological developments including, but not limited to, the use of artificial intelligence in the homebuilding industry; governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities, slow growth initiatives and/or local building moratoria; the availability and cost of insurance covering risks associated with our businesses, including warranty and other legal or regulatory proceedings or claims; damage from improper acts of persons over whom we do not have control or attempts to impose liabilities or obligations of third parties on us; weather related slowdowns; the impact of climate change and related governmental regulation; adverse capital and credit market conditions, which may affect our access to and cost of capital; the insufficiency of our income tax provisions and tax reserves, including as a result of changing laws or interpretations; the potential that we do not realize our deferred tax assets; our inability to sell mortgages into the secondary market; uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans, and related claims against us; risks associated with the implementation of a new enterprise resource planning system; risks related to information technology failures, data security issues, and the effect of cybersecurity incidents and threats; the impact of negative publicity on sales; failure to retain key personnel; the impairment of our intangible assets; disruptions associated with epidemics, pandemics or other serious public health threats (as well as fear of such events), and the measures taken to address it; the effect of cybersecurity incidents and threats; and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature. See Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, for a further discussion of these and other risks and uncertainties applicable to our businesses. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations.

These unforgettable moments were made possible by the incredible dedication of our Central Texas and Houston teams, along with every partner and volunteer who worked tirelessly to make these celebrations happen. Together, these divisions turned two dreams into reality and gave these families something they will never forget. A safe place to call home for the holidays and beyond. 

Read on for recaps of both events and videos to relive the unforgettable moments. 

Central Texas Division Honors Army Veteran 

On December 10, our Central Texas Division partnered with Building Homes for Heroes to welcome U.S. Army Private Christopher Justiniano, his fiancée Jacklyn, and their young son to a beautiful new home in our Centex Skyview community in Belton, TX. 

Christopher served for more than four years, including a deployment to Iraq from 2009 to 2010, a time that demanded courage and sacrifice. His service left him with lasting challenges, yet his resilience and determination continue to inspire everyone who meets him. Thanks to the incredible efforts of our Central Texas team, trade partners, and the Belton community, the Justiniano family now has a safe, welcoming place to call home.

 The celebration was filled with a parade featuring the high school choir, band, color guard, cheerleaders, football team, JROTC, police and fire departments, Combat Vet Association, a flyover featuring seven planes, music, and several heartfelt speeches. As Christopher and Jacklyn stepped through the front door, the weight of uncertainty gave way to joy and relief, creating a holiday memory they will cherish forever.

“At PulteGroup, we've been building homes for over 75 years, but through Built to Honor, we build something even more meaningful: gratitude in the form of a home,” said Pablo Rivas, PulteGroup Central Texas Division President.  

Houston Division Welcomes Marine Corps Veteran 

That same day, our Houston Division partnered with Operation Homefront to gift Marine Corps Staff Sgt. Cassandra “Cassie” Pierre and her three children, Madison (8), Madalyn (7), and Marshall (5), a mortgage-free home in our Centex Stokesbury community in Waller, TX. 

Cassie’s decade of distinguished service earned her Marine of the Year honors and the rank of staff sergeant before a medical discharge related to service-connected conditions. After losing their home to a fire, this single mother faced incredible challenges with unwavering strength. On this day, those hardships gave way to hope. 

Our Houston team, led by Division President Lindy Oliva, ensured Cassie and her children walked into a home that radiated holiday joy, complete with a sparkling Christmas tree, wrapped gifts, and bedrooms personalized with their favorite themes: Harry Potter, Disney princesses, and Spider-Man. 

The celebration was nothing short of magical, featuring a festive parade led by Waller High School band, the presentation of colors, and an emotional home reveal that brought tears, laughter, and the true spirit of the season. For Cassie and her children, this home is more than walls and a roof, it is a promise of stability, safety, and brighter days ahead. 

Located within the vibrant and award-winning North River Ranch master-planned development in Parrish, Fl, Del Webb Explore will feature 901 single-family homes across 410 acres, designed for buyers who crave an active, resort-style lifestyle with an emphasis on heath, wellness and connection. The community’s amenities will include a resort-style pool with lazy river, private clubhouse with indoor/outdoor bar & grille, game room with golf simulator and spaces for social connection. Wellness enthusiasts will enjoy the cold plunge, infrared saunas, generous movement studio, fitness center, outdoor exercise stations and extensive walking trails.

“Breaking ground on our model homes at North River Ranch is an exciting step forward for Del Webb Explore,” said Sean Strickler, Division President for PulteGroup West Florida. “This community represents a new chapter for the Del Webb brand, bringing our renowned lifestyle experience to a broader audience. With stunning home designs and world-class amenities, Del Webb Explore North River Ranch will redefine resort living in this market.”

The first model homes now under construction showcase a range of thoughtfully designed floor plans, including:

• Contour – 1,405 sq. ft., 2 beds, 2 baths, 2-car garage
• Mystique – 1,889+ sq. ft., 2–4 beds, 2–4 baths, 2-car garage
• Concord – 2,397 sq. ft., 4 beds, 3 baths, 2-car garage
• Stellar Grand – 3,361+ sq. ft., 4 beds, 4–5 baths, 3-car garage
• Renown – 2,808+ sq. ft., 3 beds, 3.5–4.5 baths, 3-car garage
• Ellenwood – 1,579 sq. ft., 2–3 beds, 2 baths, 2-car garage

Each home will feature modern exteriors with generous windows, tile roofs, paver driveways, and impact windows, along with open-concept interiors designed for entertaining and everyday living.

For more information, visit Del Webb Explore North River Ranch or call (941) 207-7900.

“The Flats at Tysons seamlessly blends upscale, low-maintenance condominium living with an exceptionally central and walkable location,” said Jarod Blaney, Mid-Atlantic Division President of PulteGroup. “Residents will enjoy unparalleled convenience, with immediate access to premier shopping, dining, office spaces, metro stations, and entertainment venues. Its proximity to Arlington, Washington D.C., Reston, and Dulles Airport makes it an ideal choice for those who value connectivity and a vibrant urban lifestyle. This project sets a new benchmark for upscale urban living in Tysons Corner, blending refined residential design with vibrant public spaces that foster connection and enrich the broader community.”

Each condo features an open-concept layout with a private balcony and a den, offering a spacious and stylish living space. The community itself acts as a true extension of each home, boasting two unique urban parks. Residents can unwind by an outdoor fireplace in a cozy lounge area, play a game of ping pong, or take a leisurely stroll along the landscaped paths. A "Pop Up Plaza" serves as a versatile space for social events with picnic tables, a food truck area, and a cornhole game. The buildings are also adorned with vibrant, painted murals that blend art and architecture.

The Flats at Tysons is a true "live, work, and play" destination. Walk to upscale shopping at Tysons Corner Center, Virginia's largest mall, or find high-end fashion at Tysons Galleria Mall, which is home to designers like Gucci and Louis Vuitton. For outdoor fun, residents can easily visit Great Falls National Park or enjoy a show at Wolf Trap National Park for the Performing Arts. Golf enthusiasts can tee off at Jefferson District Golf Course or experience premier golfing at Westwood Country Club.

1-bedroom condos start from the $600Ks and 2-bedroom condos start from the $800ks. To stay informed about important community updates, interested homebuyers are encouraged to join the VIP Interest List at Pulte.com/Tysons

“The Lake House is the vibrant heart of Kensington Ridge,” said Kevin Christofferson, president of PulteGroup’s Michigan division. “This facility offers a perfect mix of function and fun; from social gatherings to fitness classes to creative workshops, we are excited to unveil this fantastic space.”

Situated on the shores of a scenic 43-acre lake, The Lake House offers a variety of amenities designed for an active and social lifestyle. Residents can enjoy a state-of-the-art fitness center with locker rooms, an indoor heated pool, a golf simulation room, and a range of versatile craft and multipurpose rooms. A full-time lifestyle director is available to coordinate a wide range of clubs and activities.

Beyond The Lake House, Kensington Ridge offers residents numerous outdoor activities, including scenic walking trails, tennis and pickleball courts, bocce courts, a future dog park and two fishing docks coming soon. The community also provides lake access for paddleboarding and kayaking, and it is adjacent to Kensington Metropark, a large 4,481-acre recreational park.

Since opening in the summer of 2023, Kensington Ridge by Del Webb has been very popular, with over 300 of the 611 homes planned for the community already sold. The community offers 10 different home designs from Del Webb’s consumer-inspired GenYou™ collection, focusing on livability and flexibility.

Kensington Ridge by Del Webb is situated at 1554 Tranquility Drive, Milford, Michigan 48381. Prospective buyers are encouraged to visit the community and tour the three fully furnished model homes and brand new clubhouse. For additional details, visit www.delwebb.com/kensingtonridge or call (248) 920-9130.

PulteGroup’s 2026 Design Trends Forecast comes from one of the most experienced teams in the industry and largest in-house residential interior design firms in the country. Led by Angela Nuessle, National Vice President of Interior Design, the interiors team at PulteGroup designs over 475 model homes annually from coast to coast, covering over 1.4 million square feet of residential space. This gives them a rare perspective and allows them to realize trends before they peak. And with over two decades of experience shaping homes for every stage of life, Nuessle has a clear view of what lasts and what’s next.

"Trend lifecycles are elongating," Nuessle said. "What’s in is staying relevant for longer, and it’s a direct response to the anti-consumerism movement. People want choices that last. They care about quality and are more intentional when they buy. Homes are becoming purposeful, wellness-focused, and built for multiple generations."

So, what will define 2026? Nuessle and her team have identified three key trend areas shaping the year: Lifestyle, Design, and Color.

Lifestyle Trends

Multigenerational Living tops the list. Rooms that go from playrooms to offices to quiet retreats as families evolve. PulteGroup's ALLGEN floor plans deliver the flexibility that makes it work, with first-floor owner's suites, separate living areas with kitchenettes, and accessible bathrooms that let families share space while maintaining independence.

Quiet Luxury celebrates understated elegance. The approach favors natural materials, expert craftsmanship, and restraint. Less really can be lovely when every piece earns its place.

Wellness Throughout the home is now the standard. “Think cozy corners for mindfulness, spaces that foster community, and layouts that support mental and physical health,” added Nuessle. “It's not just aesthetics. It's how your home functions and enhances how you feel every day.”

Design Trends

Four styles are defining interiors in 2026. Heritage Classics focuses on authenticity with natural wood grains and antiques. Tailored Traditional brings refined classics with a modern edge. Warm Minimalism keeps clean lines but adds inviting textures. Glam and Luxe introduce luxurious accents that feel indulgent without overwhelming.

"These styles give homeowners flexibility to create spaces that feel personal and timeless," Nuessle said. "You can mix elements or commit fully to one approach."

Purposeful Innovation is a design trend Nuessle and her team also see gaining traction in 2026 and beyond. It means incorporating technology that solves real problems. Air purifying paints, smudge proof stainless steel, wear again appliance cycles that refresh clothes in minutes, and combination appliances that free up kitchen space. The common thread is design that serves how people actually live.

Color Trends

Black and white remains timeless and dramatic. Think black window frames against lighter walls or darker cabinetry with lighter countertops.

Bold blues and dimensional greens reduce stress and support wellbeing. "These colors aren't just pretty," Nuessle explained. "They're psychologically beneficial."

Coffee-inspired palettes deliver rich mocha, latte, and espresso tones. Soft tans and taupes add warmth across all home décor categories.

In 2026, Nuessle says homebuyers will be having more fun with finishes. Metallic, opalescent, and pearlized textures add depth and visual intrigue.

Why it Matters

"We’re not just decorating anymore," Nuessle said. "People are investing in homes that reflect their values and support their families for years to come."

Longer trend lifecycles mean homeowners can make confident choices, knowing their design decisions will remain relevant. The pressure to constantly update and redecorate is easing as quality and intentionality take priority over novelty.

"Don’t try to incorporate everything," Nuessle advised. "Choose what speaks to you and works with your lifestyle. Our home selection studios let buyers personalize their spaces, and our designers help them make choices that stay fresh for years.

"2026 is about intentionality and longevity," Nuessle concluded. "We’re moving away from redesigning every few years and embracing choices that grow with you. Homes are no longer just places to live, they reflect our values and how we care for our families."

For design inspiration and trend visualization, visit https://youtu.be/5-6xSQ_HqOY

A live audio webcast of the call will be available on PulteGroup’s website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor tab.

For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the conference call will be available on the PulteGroup website.

Interested investors can access PulteGroup’s presentation by logging onto the Company’s website at pultegroup.com and selecting the Events & Presentations link under the Investor Relations tab. 

“Consistent with our capital allocation priorities of investing in the business and returning excess funds to shareholders, PulteGroup is again increasing its per share dividend payout,” said PulteGroup President and CEO, Ryan Marshall.  “This marks the seventh year in a row in which the Company has increased its dividend, as we continue to use our strong cash flow generation to grow our business and increase long-term value for our shareholders.”  

"This strategic expansion into the growing Cincinnati area is a natural next step, having built market-leading businesses in other parts of the state," said Tony Barbee, PulteGroup's North Area president. "This expansion aligns with our goals of serving high demand, growing communities where our quality homes and customer focus can create long-term value for both residents and shareholders.”

Initial efforts in the Cincinnati market will be led by Scott Mairn, Division President of PulteGroup's Indianapolis-Louisville Division. The expansion allows PulteGroup to extend its proven operating model into another important housing market in the Midwest. Going forward, the company will look to develop communities across its portfolio of brands to serve first-time, move-up and active-adult homebuyers in the Cincinnati area.

"Cincinnati's strong economy, diverse employment base and quality of life make it an attractive market for homebuyers," Barbee added. "We're excited to establish our presence here and look forward to becoming a trusted homebuilder in this vibrant community."

Moreta, who believed he was attending an interview to be considered for the home, was joined by his partner Destiny and their two children, for what they thought would be a getting-to-know-you session. After a Q&A in a model home, PulteGroup's Northeast Corridor Division President John Evans delivered the life-changing news during a walk to the home site.

“It’s a blessing to see that people do really care out there,” said Sandro Moreta after learning that he and his family would be the latest recipients of a new mortgage-free Built to Honor home. “To see there's light at the end of the tunnel, we're forever blessed and grateful for the opportunity.”

The home is being provided through PulteGroup's Built to Honor initiative in partnership with Operation Homefront's Permanent Homes for Veterans program.

“Being part of the Built to Honor program is an incredible blessing. This initiative is so important to our company because it allows us to honor heroes like Sandro in a meaningful way,” said PulteGroup’s Northeast Corridor Division President John Evans. “Sandro’s story is truly remarkable, and we are honored to recognize and serve him, to let him and his beautiful family know that people across the country appreciate what they do and have done.”

Moreta served with Delta Co., 2nd Tank Battalion, and deployed to Afghanistan in 2013 as part of Operation Enduring Freedom. In September 2013, he was critically injured when an IED struck the tank he was driving. He received the Purple Heart Medal for his heroic actions and medically retired in 2016.

The three-bedroom townhome in Glen Mills will provide the space and stability they've been dreaming of for their growing family.

Construction on the Moreta family's new home is underway, with a dedication ceremony planned for early 2026. Additional community events will be scheduled leading up to the dedication.

This Veterans Day, the homebuilder is highlighting what dedication looks like, and why supporting those who served has become fundamental to the company's identity.

“Our commitment to veterans spans decades, and it's only grown stronger in recent years,” said PulteGroup President and CEO, Ryan Marshall. “These are men and women who've given so much in service to our country, and we have the ability to give something meaningful back. Whether that's a mortgage-free home or a career with purpose, it's not just the right thing to do, it’s who we are as a company. Together we can turn gratitude into action for those who sacrificed.”

Building Homes, Changing Lives

Since 2013, PulteGroup's Built to Honor® program has delivered more than $40 million in mortgage-free homes to over 100 wounded veterans across the country. Veterans whose lives were forever changed by their service. These are men and women dealing with traumatic injuries, lost limbs, PTSD, and other wounds both seen and unseen.

For Built-to-Honor families, a mortgage-free home means more than just immediate financial relief, it means stability and the freedom to focus on healing rather than housing payments. The ability to build generational wealth instead of battling homelessness. Most importantly, it provides the foundation these heroes need to rebuild their lives alongside their families.

"This is truly life changing for us, basically like giving a golden ticket to veterans," said U.S. Air Force Master Sergeant Kaia Santana, a 2024 Built to Honor recipient. "[Built to Honor has] elevated our quality of life, and shown that we matter, that our service matters, that our sacrifice means something to somebody and that we are seen and appreciated."

Veterans Building Careers

Ian Sheridan and PulteGroup found each other through the Hiring Our Heroes program. A 20-year Army veteran and former special operations service member, Sheridan transitioned from active duty to a procurement agent role in PulteGroup’s Raleigh Division in 2024. He’s one of the almost 250 self-identified veterans at PulteGroup who came to the company organically or through partnerships like Hiring Our Heroes and the DoD SkillBridge Program, initiatives that help transitioning service members find their footing in civilian careers.

"The fact that PulteGroup values my experience within the military, especially when it comes to leadership, speaks volumes to the ethos in the company and how they value the military experience in day-to-day working life,” said Sheridan. “PulteGroup, for me, is a unicorn experience. It is the one in a million where everything is exactly as I would want it to be. Amazing culture, great salary, amazing healthcare, paid time off. These things don't happen."

Sheridan's transition from military to civilian life has been remarkably smooth thanks to PulteGroup. "I don't feel that much like a fish out of water coming from the military working at Pulte," he said. His advice to other transitioning service members? "If there's any member of the Hiring Our Heroes cohort that gets the opportunity, seize on it, absolutely seize on it."

For Sheridan and hundreds of other veterans at PulteGroup, the company's commitment is felt in the day-to-day culture and in the understanding that military experience brings real value. Veterans bring proven leadership, discipline, and mission-focused mindsets that strengthen teams across the organization. 

Fostering Connection and Support

Beyond employment, PulteGroup's Military & Veteran Professionals (MVP) business resource group unites the company’s veterans, military spouses, and allies who are dedicated to building community and supporting successful transitions to civilian life. The group provides ongoing mentorship, fosters connections among those with shared military experience, and hosts programming that keeps members engaged with the veteran community, from speakers like Jason Gardner, a retired U.S. Navy SEAL and combat leader, to representatives from Wreaths Across America, which PulteGroup now sponsors.

"MVP is more than just a network. It's a community where veterans can connect with others who understand the unique challenges of transitioning to civilian life," said Rich McCormick, PulteGroup's Southeast Area President and a U.S. Army veteran who leads the MVP business resource group. "Whether it's through mentorship, advocacy for veterans in the workplace, or events that build camaraderie and spark inspiration, we're creating an environment where veterans don't just survive the transition but thrive. We know firsthand the value military experience brings, and we're committed to ensuring every veteran at PulteGroup feels supported."

“Being the most respected homebuilder in America means more than constructing quality homes,” added Marshall. “It means standing for something. Our work with veterans, from Built to Honor to the careers we've built together, reflects the values that define us. We're grateful for the opportunity to serve those who served, and that commitment will continue to guide us into the future.”

This Veterans Day, PulteGroup isn't just saying thank you. They're showing it: one home, one hire, one community at a time.

For information about career opportunities at PulteGroup, visit https://pultegroup.wd1.myworkdayjobs.com/PGI

For information about PulteGroup's Built to Honor® program, visit https://pultegroupinc.com/sustainability/built-to-honor/default.aspx

Staff Sergeant Phetsisouk enlisted in 2003, inspired by the events of 9/11, and served honorably for over nine years. He completed two combat deployments to Iraq as an infantry squad leader, facing extreme dangers daily including enemy fire, RPGs, snipers, and IEDs. He carried a photo of his infant daughter with him on every patrol. A reminder of what he was fighting for and what kept him alive.

The patriotic ceremony featured heartfelt remarks from PulteGroup leaders and community representatives, all honoring Staff Sergeant Phetsisouk's incredible sacrifice and resilience. The most emotional moment came during the key presentation when Tomee, surrounded by his daughters and mother Kay, expressed his gratitude: "This is honestly the greatest thing that's happened to me since the birth of my two kids."

Throughout the ceremony, Staff Sergeant Phetsisouk made it clear that this honor extends beyond himself; to the brothers he lost in combat, whose names are forever etched on his arm. "This is for you guys. I'm living for you guys," he shared, a powerful reminder of the bonds forged in service.

This home represents more than walls and a roof. It's a foundation for healing, stability, and hope for a family that has sacrificed so much for our freedom. We extend our deepest gratitude to our partners at Building Homes for Heroes, the trade partners, construction team, and community members who made this dream a reality for the Phetsisouk family. Welcome home, Tomee!

The Best Workplaces for Women list is highly competitive. Survey responses reflect a comprehensive picture of the workplace experience. Honorees were selected based on their ability to offer positive outcomes for women regardless of job role, race, sexual orientation, work status, or other demographic identifier.

“We’re proud to be recognized on the Fortune Best Workplaces for Women list for the sixth year in a row,” said Kevin Henry, EVP and Chief People Officer at PulteGroup. “This honor underscores our deep commitment to fostering a workplace where women are supported, valued, and empowered to grow both personally and professionally. From paid parental leave and flexible work options to caregiver support, women’s leadership programs, and mentorship opportunities, we’ve built a culture that champions equity and enables our team members to thrive. This recognition speaks to the inclusive environment our employees help shape every day.”

Great Place To Work measured the experience of women at participating companies and compared those results to their peers within the organization. The best companies create great work experiences for all women, from the frontline to the C-Suite. “Congratulations to the Fortune Best Workplaces for Women,” says Michael C. Bush, CEO of Great Place To Work. “These companies show that when women thrive in the workplace, everybody else does too. That’s what it means to be a For All company, where the expectation is that every employee can have a great experience and reach their full potential.”

In 2025, PulteGroup was also named to the 2025 Fortune Best Workplaces in Construction™ List, the 2025 PEOPLE Companies that Care list, ranked as one of the Fortune 100 Best Companies to Work For®, earned the 2025 Great Place To Work Certification™, and in 2024 was honored on the Fortune Best Workplaces for Millennials™ list.

For information about career opportunities at PulteGroup, visit https://pultegroup.wd1.myworkdayjobs.com/PGI

•       Closings of 7,529 Homes Generated Home Sale Revenues of $4.2 Billion

•       Home Sale Gross Margin of 26.2%

•       Net New Orders Totaled 6,638 Homes with a Value of $3.6 Billion

•       Unit Backlog of 9,888 Homes with a Value of $6.2 Billion

•       Repurchased $300 Million of Common Shares in the Quarter

PulteGroup, Inc. (NYSE: PHM) announced today financial results for its third quarter ended September 30, 2025.  For the quarter, the Company reported net income of $586 million, or $2.96 per share.  In the prior year period, the Company reported net income of $698 million, or $3.35 per share.    

“We remain disciplined in running our business consistent with PulteGroup’s long-term operating and financial strategies as we manage production volumes and capital allocation, while executing our operating model to drive high returns over the housing cycle” said PulteGroup President and CEO, Ryan Marshall.  “Reflective of this approach, in our third quarter we generated home sale revenues of $4.2 billion, and earnings of $2.96 per share, while driving strong cash flow from operations and returning $344 million to shareholders through dividends and share repurchases.

“Within the current operating conditions, our diversified business platform is enabling PulteGroup to deliver strong financial results, while we continue to position the business for growth when buyer demand improves in the future,” added Mr. Marshall.  “We are encouraged to see that interest rates have moved lower, but continue to monitor buyer demand that has been impacted by weaker consumer confidence and ongoing affordability challenges.”

Third Quarter Results

In the third quarter, the Company generated home sale revenues of $4.2 billion, a decrease of 2% from the $4.3 billion realized in the prior year.  Home sale revenues in the period reflect a 5% decrease in closings to 7,529 homes, partially offset by a 3% increase in the average sales price of homes closed to $564,000. The higher average sales price realized in the quarter was driven by a shift in the geographic mix of homes closed relative to the prior year.  

The Company’s reported home sale gross margin in the third quarter was 26.2%, compared with 28.8% in the third quarter of 2024.  SG&A expense for the third quarter was $401 million, or 9.4% of home sale revenues, compared with $407 million, or 9.4% in the prior year period. 

Net new orders for the third quarter totaled 6,638 homes, which is a decrease of 6% from prior year net new orders of 7,031 homes.  The value of net new orders in the quarter was $3.6 billion, compared with $3.9 billion in the third quarter of last year.  For its third quarter, the Company’s average community count totaled 1,002, which is an increase of 5% from the prior year.   

At the end of the third quarter, the Company’s backlog was 9,888 homes with a value of $6.2 billion. 

In the third quarter, the Company's financial services operations generated pre-tax income of $44 million, compared with prior year pre-tax income of $55 million.  Lower pre-tax income in the period was driven primarily by lower closing volumes in the Company’s homebuilding operations, along with a decrease in mortgage capture rate to 84% compared with 87% last year.

In the third quarter, PulteGroup repurchased 2.4 million of its common shares for $300 million.  Through the first nine months of 2025, the Company repurchased 8.2 million common shares, or 4.0% of shares outstanding, for $900 million, or $109.81 per share.  The Company ended the quarter with $1.5 billion of cash and a debt-to-capital ratio of 11.2%.

A conference call discussing PulteGroup's third quarter 2025 results is scheduled for Tuesday, October 21, 2025, at 8:30 a.m. Eastern Time.  Interested investors can access the live webcast via PulteGroup's corporate website at www.pultegroupinc.com.

Forward-Looking Statements

This release includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” “should,” “will” and similar expressions identify forward-looking statements, including statements related to any potential impairment charges and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

Such risks, uncertainties and other factors include, among other things: interest rate changes and the availability of mortgage financing; the impact of any changes to our strategy in responding to the cyclical nature of the industry or deteriorations in industry changes or downward changes in general economic or other business conditions, including any changes regarding our land positions and the levels of our land spend; economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general; supply shortages and the cost of labor and building materials; the availability and cost of land and other raw materials used by us in our homebuilding operations; a decline in the value of the land and home inventories we maintain and resulting possible future writedowns of the carrying value of our real estate assets; competition within the industries in which we operate; rapidly changing technological developments including, but not limited to, the use of artificial intelligence in the homebuilding industry; governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities, slow growth initiatives and/or local building moratoria; the availability and cost of insurance covering risks associated with our businesses, including warranty and other legal or regulatory proceedings or claims; damage from improper acts of persons over whom we do not have control or attempts to impose liabilities or obligations of third parties on us; weather related slowdowns; the impact of climate change and related governmental regulation; adverse capital and credit market conditions, which may affect our access to and cost of capital; the insufficiency of our income tax provisions and tax reserves, including as a result of changing laws or interpretations; the potential that we do not realize our deferred tax assets; our inability to sell mortgages into the secondary market; uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans, and related claims against us; risks associated with the implementation of a new enterprise resource planning system; risks related to information technology failures, data security issues, and the effect of cybersecurity incidents and threats; the impact of negative publicity on sales; failure to retain key personnel; the impairment of our intangible assets; the disruptions associated with the COVID-19 pandemic (or another epidemic or pandemic or similar public threat or fear of such an event), and the measures taken to address it; the effect of cybersecurity incidents and threats; and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature. See Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, for a further discussion of these and other risks and uncertainties applicable to our businesses. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations.

The day began with an unforgettable Welcome Home Parade, as the local Del Webb Lakewood Ranch Association of Veterans and Military Supporters led the Beesting family to their new homesite on motorcycles. Employees, trade partners, and community members lined the streets with American flags and pom poms, creating an emotional entrance for a family who had overcome so much. Adding to the day’s many heartwarming moments was a very special reunion. Ray Worley, a PulteGroup construction manager who assists in Lakespur, was surprised to discover at the groundbreaking event back in May that the recipient of this new Built to Honor home would be Technical Sergeant Beesting, a childhood friend he’d grown up with and remained close with their whole lives. Ray was there to celebrate with the Beesting family as they cut the ribbon on their new home and has since visited them a handful of times after moving in.

Technical Sergeant Beesting served nearly a decade in the U.S. Air Force following 9/11, facing challenging and life-threatening situations that resulted in service-related injuries both seen and unseen. After being honorably discharged in 2011, the family faced yet another devastating blow when Hurricane Ian destroyed their home in 2022.

Under a ceremony tent, speakers including Wes Copeland, VP of Procurement for PulteGroup's SWFL Division; Karen Veczko from Building Homes for Heroes; Rick Severance, President of Wellen Park; and Sarasota County Commissioner Teresa Mast shared heartfelt remarks honoring the Beesting family's resilience and sacrifice. Perhaps most touching was hearing from David, one of Technical Sergeant Beesting's best friends and a fellow Air Force veteran, who spoke to their shared journey of service. The ceremony concluded with a ribbon cutting and key presentation, followed by the family stepping into their beautiful new four-bedroom home. The Beestings were so thrilled with their new home that they went back that very evening, grabbed toothbrushes, and spent their first night there before even moving their belongings in. A testament to how much this home means to them.

We extend our deepest gratitude to our partners at Building Homes for Heroes, the trade partners, construction team, and community members who made this dream a reality for the Beesting family. Welcome home!

While many think millennials and Gen Z are spending their money and time on overpriced brunches and trying to attain the fleeting fame of TikTok, survey results show the younger generations have their eyes on a bigger prize: a place to call home.

According to a new survey of millennials and Gen Z, 77% say they are making homeownership a top priority. For some, that means putting aside a new car, fancy vacation -- or even scaling back on their wedding plans. And despite facing more challenging market conditions than their parents did, they remain optimistic, with 66% expressing positive or neutral feelings about the current housing market. The survey of individuals aged 25 to 44 was recently conducted by PulteGroup, America’s leading homebuilder for first-time, move-up and active-adult buyers.

These survey results reinforce the enduring appeal of homeownership. Millennials, once known for delaying milestones and avoiding “adulting,” are now well into juggling careers, family and the dream of a backyard. Gen Z, the first true digital natives with social media in their DNA, are right behind them, eager to trade in their apartments for starter homes of their own.

Both generations are focused on achieving the American Dream and are reshaping what it means to buy a home – adjusting their lifestyles and making compromises to save while prioritizing space, privacy, and the ability to customize their future abode.

Affording the Dream

For first-time homebuyers, the path to homeownership starts with smart savings strategies. While 70% cite not having enough money saved for a down payment as their biggest hurdle, they’re finding creative ways to make it happen.

To close the gap, buyers are adjusting their lifestyles. Over the last three years, more than half cut back on travel and vacations, 56% delayed big-ticket purchases like cars, furniture and luxury items, 47% trimmed spending on fitness and wellness memberships, and 42% scaled back on entertainment like movies, concerts, events and nightlife.

Some buyers are also finding support from family, with 14% receiving financial assistance from family when purchasing a home, whether that’s a gifted down payment or closing costs (42%), assistance with monthly mortgage payments (31%) or their parents co-signing on a mortgage (30%).

Dream Wedding or Dream Home?

For many, saying “I do” has long been considered one of life’s most significant milestones. But for today’s first-time homebuyers, that special day may look a little different. The vast majority (81%) say they would prioritize keys to a new home over their dream wedding. Nearly half (44%) would even scale back their celebration to make homeownership a reality – 63% would opt for a smaller, less expensive venue, while almost half (47%) would reduce their guest list.

Some are skipping lavish honeymoon getaways, with over a third (34%) of those surveyed saying they would spend less or skip their honeymoon entirely, whereas 28% would postpone their nuptials altogether.

“These buyers aren’t giving up their dreams. They’re redefining how they get there,” said Ryan Marshall, PulteGroup President and CEO. “At PulteGroup, we build for every generation, but we take special pride in delivering many of our customers’ first homes. Today’s first-time buyers want a home that reflects who they are and where they’re headed, and we’re here to help make that happen. Whether it's thoughtfully designed floor plans that maximize livable space or working with our mortgage team on financing options, we're focused on making homeownership achievable, not just aspirational.”

Home for the Family

Although nearly half (48%) of millennials and Gen Z surveyed say building financial equity is an important reason for purchasing a home, a deeper desire is at play: creating stability and a sense of belonging for their families. In total, 62% of respondents cited wanting to provide a home for their family as their primary motivation for pursuing homeownership. This is especially important to women from these generations (66%) and those age 35 and younger (66%).

With a home comes more space and privacy. Nearly 60% of millennials and Gen Z cited these as important reasons to buy their first home, along with the security and stability of owning (55%) and the freedom to customize and renovate (54%).

Supporting the Dream of Homeownership

This is why many first-time homebuyers turn to builders like PulteGroup. Newly built homes help protect the savings they worked so hard to build. Included warranties mean fewer worries about major repairs, allowing buyers to budget with confidence instead of bracing for surprise $5,000-$10,000 repairs common in older homes. With 77% making homeownership a priority, builders who deliver affordability without compromise will help shape what it means for this generation.

PulteGroup’s market research division conducted the online survey of 634 American millennials and Gen Zers from September 9-12, 2025.